Traveling on a motorcycle comes with many risks. That is why it is important to have motorcycle insurance in Nevada. Not only will it keep you safe on the road, but it will also protect you and your bike against expenses related to certain road accidents or theft. Getting cheap motorcycle insurance in Nevada requires you to shop around and compare prices. MoneyGeek collected average rates across coverage levels and analyzed multiple insurers using a unique rating system, which includes affordability, products and services offered and financial stability, to help you find the best motorcycle insurance in Nevada.
Motorcycle Insurance in Nevada: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Nevada
Getting a policy that meets only the liability limits set by Nevada motorcycle insurance laws and requirements is the cheapest option for riders. However, it is important to note that the least expensive policy may not always be the best option. While liability-only insurance costs significantly less, comprehensive and collision coverage is better for riders who want more protection and higher liability limits. In conducting this analysis, MoneyGeek used average rates based on a good rider with 50/100/25 liability-only coverage in Nevada.
Cheapest Liability-Only Motorcycle Insurance Quotes in Nevada
Based on average rates, the two most affordable motorcycle insurance carriers in Nevada for liability-only coverage are:
- Markel: $59 per year
- Progressive: $75 per year
MoneyGeek’s study found that the most expensive company in the state for liability-only motorcycle insurance is Dairyland. Its average rate is $181 per year, which means you can save 67.5% by choosing Markel.
Average Annual Premium for Liability Coverage
Scroll for more
- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Nevada
For most riders in the state, a full coverage policy is the best choice. It provides more protection for your assets. Choosing this level of coverage will protect you against possible expenses from damages due to collisions with another vehicle or other structures. At the same time, full coverage motorcycle insurance in Nevada pays for damages to or the loss of your bike due to non-collision incidents like vandalism, theft or fire. Nevada riders making payments on their bikes are likely to need full coverage insurance.
For this analysis, MoneyGeek used a rider with good riding history, a 50/100/25 coverage policy and a $500 deductible for comprehensive and collision coverage.
For riders looking for the cheapest motorcycle insurance in Nevada for a full coverage policy, the top companies on average are:
- Progressive: $263 per year
- Markel: $292 per year
Progressive is 71.1% cheaper compared to Nationwide, which is the most expensive insurance carrier in the state. A similar policy from Nationwide costs $911 per year on average.
Average Annual Premium for Comprehensive and Collision
Scroll for more
- CompanyAnnual Premium
What Is the Average Motorcycle Insurance Cost in Nevada?
How much motorcycle insurance costs in Nevada is highly affected by several factors, including coverage amounts, motorcycle model, riding record, age and years of riding experience. MoneyGeek compared motorcycle insurance quotes from different insurers offering coverage in the state.
The average cost of motorcycle insurance in Nevada for a full coverage policy is $485 per 12-month period or around $40 per month. That means Nevada riders typically pay $122 or 25% more than the national average.
A liability-only policy in Nevada costs $109 annually or approximately $9 per month. The state average is $32 less than the national average of $141. A liability-only policy does not cover your bike and your injuries if you caused the accident.
Policy coverages used to determine Nevada averages were $50,000/$100,000 bodily injury coverage with $25,000 property damage and a $500 deductible for full coverage.
Car Insurance Costs by Coverage Type
Scroll for more
- Policy TypeAverage 12-Month Cost in NevadaAverage 12-Month National CostVariance
- Full Coverage$485$364$122
- Liability Only$109$141-$32
The Best Motorcycle Insurance Companies in Nevada
MoneyGeek ranked insurance companies to find the best motorcycle insurance in Nevada for riders who value both affordability and quality service. A unique rating system was used, taking into consideration the motorcycle quote data unique to Nevada, product offerings and selection, service and financial stability. More information about that is included in our methodology. Based on our research, the best overall company is Progressive.
Based on MoneyGeek’s study, the top three highest-scoring insurance companies in Nevada are the following.
- Has a mobile app
- Online quoting tool
- Various extra coverage options
- Large Accident Forgiveness is limited to eligible policyholders
- Not all discounts are available in all states
- Coverage options vary by state
With a MoneyGeek score of 95.43 out of 100, Progressive ranked first among insurance carriers offering motorcycle insurance in Nevada. The company received high ratings across all categories. Progressive’s liability-only policy costs $75 per year on average, while a full-coverage policy costs an average of $263 per year. Unlike other carriers, Progressive automatically includes coverage for custom parts and original equipment manufacturer (OEM) parts in its motorcycle insurance policies. Adding extra coverage is easy. You can opt to get enhanced injury protection, which pays up to $250 per week for two years if you incur injuries or cannot go to work because of a covered accident. If a fatal accident leads to your death, your beneficiaries will receive $25,000. The company also rewards safe and responsible drivers. If you remain claim-free, you may qualify for Progressive’s disappearing deductible. The company will take 25% off your deductible for each policy term that you do not file a claim.
- Many discounts available
- 24/7 claims support
- Online account portals
- Not available in some states
- Cannot be bundled with auto insurance
- No mobile app
The second-best company offering motorcycle insurance in Nevada is Markel, which has a MoneyGeek score of 93.46 out of 100. The liability-only policy for Markel costs $59 annually on average, while its full coverage policy has an average rate of $292 per year. Riders looking for extra protection can find a wide range of options at Markel. For instance, you can get roadside assistance and trip interruption coverage by adding only $25 per year per unit. If you buy the rental reimbursement coverage, the company will take care of rental costs if your bike cannot be used for over 24 hours because of a covered incident. Markel policyholders can also enjoy various discounts. In fact, the company has nine different types of discounts. Switching to Markel from another insurance provider automatically makes you eligible for a 10% transfer discount. Responsible drivers can even get significant discounts if they have anti-theft or anti-lock devices or have taken a safety course.
- Coverage for different types of bikes
- 24/7 claims filing
- Multiple discounts available
- Not the cheapest option
- Cannot be bundled with car insurance
- No mobile app
In third place is Harley-Davidson. It got a MoneyGeek score of 89.47 out of 100. The company charges $138 on average per year for liability-only motorcycle insurance in Nevada. Its full coverage policy costs an average of $359 per year. Harley-Davidson has a wide variety of coverage options suitable for different types of bikes. Getting extra coverage is also possible. For example, you can get rental reimbursement coverage to help you with expenses if you cannot use your bike due to a covered accident. Another optional coverage is equipment coverage. It covers all modifications to your motorcycle, including equipment that is not factory standard. The company also rewards loyalty by offering discounts. If you are a Harley-Davidson policyholder, you can get a significant discount if you add a new motorcycle to your policy. If you buy other Harley-Davidson insurance products, such as planned maintenance, you also qualify for a discount.
How to Get a Motorcycle Insurance Quote in Nevada
For most riders, getting a motorcycle insurance quote in Nevada is easy. Most carriers have online quote tools. Here is what you will need:
- ZIP code
- Nevada address where the bike will be located
- Vehicle year, make and model
- Insurance coverage elections (For more information on this, see below)
How Much Motorcycle Insurance Coverage Do You Need in Nevada?
Since motorcycle insurance in Nevada is a state requirement, it is important for riders to know the minimum liability limits. Your policy coverage should include at least the following:
- $25,000 per person bodily injury liability
- $50,000 per accident bodily injury liability
- $20,000 property damage liability
How Much Insurance Coverage Is Required in Nevada?
The state minimum requirements include bodily injury and property damage coverage. Nevada riders should have at least a 25/50/20 policy, which includes $25,000 for bodily injury coverage per person, a total of $50,000 per accident and $20,000 for property damage liability. These limits refer to the amount your carrier will pay to handle damages in an at-fault accident.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Nevada?
Nevada riders are not required to have uninsured motorist, underinsured motorist or PIP coverage. The state only requires a motorcycle insurance policy that covers bodily injury and property damage. Riders who want more protection can get these additional coverages.
For most riders in Nevada, MoneyGeek recommends a full coverage policy of at least 50/100/25 and preferably 100/300/100 because of the small incremental cost for a large increase in coverage.
Frequently Asked Questions About Motorcycle Insurance in Nevada
Finding the best motorcycle insurance in Nevada requires the consideration of different factors. Here are the most commonly asked questions about this type of insurance.
MoneyGeek collected motorcycle insurance quotes directly from insurance providers based on varying coverage amounts and driver profiles to help our users determine which is the least expensive provider in Nevada. The best motorcycle insurance companies in Nevada were determined using three factors, including policy cost in Nevada (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). The most recent license laws and insurance coverage requirements in Nevada were gathered from the state Division of Insurance to ensure accurate and up-to-date information.
About the Author
- Harley-Davidson Insurance. "The Right Motorcycle Insurance Coverage For You." Accessed May 8, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed May 8, 2021.
- J.D. Power. "2020 U.S. Auto Claims Satisfaction Study." Accessed May 8, 2021.
- Markel Insurance. "Motorcycle Insurance." Accessed May 8, 2021.
- Nevada Division of Insurance. "Consumer’s Guide to Auto Insurance Rates." Accessed May 8, 2021.
- Nevada Division of Insurance. "Motorcycle Insurance." Accessed May 8, 2021.
- Progressive. "Motorcycle Insurance." Accessed May 8, 2021.